Perhaps Private Equity Activity In Has Telecom Peaked

Deploying capital from its second global infrastructure fund, a $3.1 billion vehicle closed in 2015, KKR has agreed to acquire a stake of up to 40% in Madrid-based telecommunications infrastructure provider Telxius. The deal implies an enterprise value of nearly €3.7 billion, or 11.4x EBITDA, with KKR paying up to €1.3 billion for the position. Operating…